South County Health
Legal name: South County Hospital Healthcare System Endowment
Nonprofit profile at a glance
- EIN
- 050259093
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Wakefield, RI, USA
- Phone
- 4017828000
- Rating
- 44
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Community Health Systems
Reported finances
- Revenue
- $202,594
- Expenses
- $3,861
- Assets
- $763,956
- Liabilities
- $2,175
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- AARON S ROBINSON (PRESIDENT AND CEO)
Highest reported compensation
- AARON S ROBINSON (PRESIDENT AND CEO): $964,634 total reported compensation
- THOMAS J BREEN (VP AND CHIEF FINANCIAL OFFICER): $550,597 total reported compensation
- AARON WEISBORD (FORMER TRUSTEE): $127,367 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our Mission
What it reported doing in 2024
In previous years, south county hospital healthcare system endowment provided planning, management, and fundraising activities for south county hospital and south county home health. By providing these services, the hospital and south county home health were able to focus their activities more toward providing high-quality medical services to people in southern Rhode Island. The healthcare system endowment was instrumental in helping recruit new physicians to work for south county hospital, raise additional charitable donations for the hospital system and promote the hospital system to the community. In fiscal year ended september 30, 2022, this activity was transferred to the south county health foundation.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 72
- Accountability: 91
- Sustainability: 83
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 92.3%; rating input score 92; 25th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 98.1%; rating input score 100; 100th percentile among comparable filings
- Total-asset coverage ratio: 197.86; rating input score 100; 100th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 53; 53rd percentile among comparable filings
- Officer compensation ratio: 2,609.6%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: -20.1% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: -4.1% per year; rating input score 0; 12th percentile among comparable filings
- Asset growth: -0.4% per year; rating input score 0; 23rd percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 12 of 13 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $965K · 20 people listed · 1 of 6 pay-setting controls reported
- Consistency: 15 of 15 current checks pass
- Schedules: 6 filed schedules · includes executive pay and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 6 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 0/100.
- Review — Sustainability: Liabilities to assets ratio scored 53/100.